Tax efficiency is one of the major deciding factors between different types of companies, particularly for growing businesses which need to minimise costs.
Have you used your capital allowances this financial year?
With 5 April fast approaching, the pressure is on to make sure that you’ve used all capital allowances available to you in this tax year to reduce your tax bill.
Making the most of pension contributions for tax purposes
Are you ready for the end of the 2023/24 tax year?
Government Gateway to be replaced with single login system
In a bid to simplify the way in which taxpayers and agents use online services, the Government is rolling out plans to replace Government Gateway accounts with a new system.
My business prioritises sustainability – Can I claim tax reliefs?
Investing in Environmental, Social and Governance objectives (ESG) and sustainability is becoming more popular for business owners at every level.
Understanding VAT for limited companies and unincorporated businesses
For both limited companies and unincorporated businesses, managing Value Added Tax (VAT) can be a significant challenge, affecting a broad spectrum of business activities.
Do I need to declare my dividend income?
Dividends can be a great way to earn supplementary investment income in addition to your salary and they can also be highly tax efficient when compared with earned income.
Can I claim Employment Allowance for my business?
The Employment Allowance is a means for SMEs to reduce the tax burden of employing staff at critical points in their growth and help avoid cash flow crises, via a reduction in National Insurance Contributions (NICs).
HMRC U-turns on its double cab pickups tax decision
HMRC surprised all taxpayers who own a double cab pickup as a company vehicle on 12 February by announcing that these vehicles would be classified as cars and not vans, which would have led to higher National Insurance Contributions (NICs) for owners.